Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 270,534 shares of the semiconductor company's stock, valued at approximately $18,580,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of Enphase Energy as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of ENPH. Fourth Dimension Wealth LLC bought a new position in Enphase Energy in the 4th quarter valued at approximately $103,000. Voloridge Investment Management LLC bought a new position in Enphase Energy in the 4th quarter valued at approximately $32,251,000. Worldquant Millennium Advisors LLC grew its position in Enphase Energy by 531.4% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 805,791 shares of the semiconductor company's stock worth $55,342,000 after acquiring an additional 678,163 shares during the last quarter. Woodline Partners LP bought a new stake in Enphase Energy during the 4th quarter worth $557,000. Finally, Sphera Management Technology Funds Ltd bought a new stake in Enphase Energy during the 4th quarter worth $1,617,000. Institutional investors own 72.12% of the company's stock.
Insider Buying and Selling
In related news, Director Thurman J. Rodgers sold 100,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the sale, the director now directly owns 1,881,760 shares of the company's stock, valued at $115,276,617.60. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mandy Yang sold 1,319 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the sale, the chief financial officer now directly owns 78,524 shares in the company, valued at $4,972,139.68. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research firms have commented on ENPH. BNP Paribas Exane lowered Enphase Energy from a "neutral" rating to an "underperform" rating and set a $40.00 price target on the stock. in a research report on Tuesday, May 13th. BMO Capital Markets restated an "underperform" rating and set a $39.00 target price (down previously from $46.00) on shares of Enphase Energy in a research report on Tuesday, May 13th. Guggenheim restated a "sell" rating and set a $33.00 target price on shares of Enphase Energy in a research report on Wednesday, April 23rd. BNP Paribas lowered Enphase Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, May 13th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $54.00 target price (down previously from $59.00) on shares of Enphase Energy in a research report on Wednesday, April 23rd. Eleven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $68.45.
Check Out Our Latest Analysis on ENPH
Enphase Energy Stock Performance
Shares of Enphase Energy stock traded down $0.07 during trading hours on Monday, reaching $41.32. The company had a trading volume of 5,032,405 shares, compared to its average volume of 4,429,446. Enphase Energy, Inc. has a one year low of $37.59 and a one year high of $141.63. The business has a fifty day simple moving average of $49.26 and a 200 day simple moving average of $60.19. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The firm has a market cap of $5.42 billion, a PE ratio of 55.84 and a beta of 1.80.
Enphase Energy Profile
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Free Report)
Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.
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